Is bull market morphing into Fed-driven bubble?

12:37 PM,
Nov. 1, 2013

Trader Peter Tuchman, left, works on the floor of the New York Stock Exchange Thursday.

Written by

Adam Shell
| USA Today

Is the great stock market rally of 2013, which has been turbocharged by the Federal Reserve's easy-money policies, a boom to be savored - or a bubble to be feared?

The bubble debate has become increasingly murky in recent weeks as more of the traditional financial fingerprints Wall Street uses to identify a frothy market show up on investors' radar.

A growing chorus of Wall Street pros say a bubble is forming in the U.S. stock market. They blame the Fed's unprecedented stimulus, including its $85 billion in monthly bond purchases, for artificially inflating stock prices. There is concern that ...